10 billion! Curve cooperates with Elixir to introduce the BlackRock US debt tokenization fund BUIDL, and $CRV has risen by 9.53% in the past 24 hours.

Decentralizationexchange Curve Finance announced yesterday that it will work with asset management giant BlackRock and Block chain network Elixir to bring up to $1 billion of RWA assets into the Decentralized Finance field through Elixir's deUSD protocol, and this cooperation not only adds new use cases to RWA, but also makes it decentralized The Finance space is able to introduce massive liquidity at the institutional level. (Synopsis: BlackRock wants to conquer the RWA market" led Securitize to complete 47 million magnesium financing, BUIDL has become the largest tokenized U.S. bond fund) (Background supplement: BlackRock's asset scale broke the "$10 trillion" high, how does BlackRock, a rich rival country, dominate global finance? Decentralizationexchange Curve Finance announced yesterday that it will work with asset management giant BlackRock and Block chain network Elixir to build a bridge between TradFi and Decentralized Finance. According to the article, BlackRock's tokenized U.S. debt fund BUIDL in Blockon-chainissuance and other institutional funds tokenized by Securitize will enter the Decentralized Finance space through Elixir's deUSD protocol, and this cooperation can make up to 10 Billions of dollars in real-world assets (RWA) tokenmint into "gainful synthetic dollar deUSD". Currently, Curve hosts the majority of deUSD transactions and liquidity, of which $64 million (about 60% of total Liquidity) is in Curve's pool (there are currently four main deUSD transaction pools, including USDC, USDT, DAI, and FRAX). What are the Securitize and BlackRock BUIDL funds? Securitize is an asset tokenization company that bridges the gap between TradFi and the Block chain by tokenizing physical assets. As a US Securities and Exchange Commission (SEC)-registered platform, it has more than $1 billion in institutional assets on the chain, and BlackRock's $533 million BUIDL fund is one of the flagship projects. According to the article, BUIDL Fund (BlackRock USD Institutional Digital Liquidity) is a tokenized asset of issuance in multiple Block chain networks such as Ethereum, Arbitrum, Optimism, etc., and its features include: Investing in safe assets such as U.S. Treasuries and buyback protocols. Maintain a stable 1:1 dollar peg. Automatic monthly payments to holder's on-chainWallet in the form of new tokens. Currently, the fund has $440 million on Ethereum and the remaining $93 million spread across other networks. In addition, according to rwa.xyz data, BUIDL is currently the largest tokenized US Treasury fund. What is Elixir? On the other hand, according to the article, Elixir is a modular DPoS Block chain network focused on order book trading infrastructure and deUSD. deUSD is a fully collateralized, yield-bearing synthetic dollar consisting of stETH and U.S. Treasuries managed through MakerDAO's USDS Treasury protocol to create a neutral position. In addition, Elixir's newly launched RWA Institutional Program allows institutional investors more flexibility to use their tokenized assets. For example, BUIDL Tokenholder can now mint deUSD while maintaining the original investment income. However, for now, only approved participants can mint and destroy deUSD, and it is planned to gradually open it to a wider range of users in the coming months. According to Curve, this collaboration not only adds a stroke to RWA's application scenarios, but also has a positive impact on Decentralized Finance Liquidity. By introducing stable institutional funds, it not only helps to improve the robustness of the market, but also effectively alleviates the problem of insufficient on-chainLiquidity. CRV rose 9.53% in the last 24 hours or was motivated by this news, and after the announcement, the CRV price began to enter an uptrend, rising from a low of $0.5068 to an earlier high of $0.5568, a rise of 9.37%. As of now, the CRV price is now at $0.5518, rising 9.53% in the past 24 hours Related reports Depth analyzes the Liquidity acquisition strategy: How does the Decentralized Finance project improve TVL? UniswapEthereumLFebruary volume hit a record high, analysts: Decentralized Finance demand has returned, UNI rises more than 35% in a week Cardano founder: BitcoinDecentralized Finance dominates Decentralization Finance in three years, ADA pulls up 190% in a single month 〈1 billion magnesium! Curve partners with Elixir to introduce BlackRock US bond tokenization fund BUIDL, $CRV rise 9.53% in the past 24 hours" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".